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Cardamom falls by 0.4% on subdued demand

Speculators booked profits at prevailing higher levels amid sluggish demand in the spot markets

Cardamom falls by 0.4% on subdued demand

Press Trust of India New Delhi
Cardamom prices drifted 0.41% to Rs 793 per kg in futures trade today as speculators booked profits at prevailing higher levels amid sluggish demand in the spot markets.

At the Multi Commodity Exchange, cardamom for delivery in December fell Rs 3.30, or 0.41%, to Rs 793 per kg in a business turnover of 21 lots.

Similarly, the spice for delivery in November traded lower by Rs 3.20, or 0.41%, to Rs 769.10 per kg in 139 lots.

Marketmen said apart from profit-booking by speculators, sluggish demand in the spot markets mainly kept pressure on cardamom prices at futures trade.

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First Published: Oct 28 2015 | 12:32 PM IST

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